SMART MONEY - Trade OverviewThe fundamental idea behind the strategy that this indicator is used to trade, is that when a move in the market is larger than other recent moves, a move in the opposite direction to a degree of teh first move will often follow.
Use this indicator with the "Smart Money - Trade Entry indicator" to show on the chart where Take Profit 1 (White), Take Profit 2 (Pink), Stop Loss (Grey) and Long & Short Entries (Blue and Red) are located.
Adjusting the Entry and Take Profit settings allows for either an agressive, or reserved entry and take profit strategy. The stop loos can also be adjusted. All adjustemnts are in terms of a factor of the range of the bar in which they are placed.
If using with "Smart Money - Trade Entry indicator, the settings should be adjusted together.
Smartmoney
Institucional Color Candle Idea extracted from the books by Anna Coulling ,Gavin Holmes and Tin Ord, using Volume and Spread Analysis (VSA) techniques coupled with Al Brooks' expertise with Price Action these candles are magical, identify the exact moment
of the performance of the big players are acting in the market represented by the colors:
1) Red Candles we have an Ultra High activity,
2) Candles Orange we have a Very High Activity
3) Candles Yellow we have one High Activity
4) White Candles represent normal activity in the market
5) Blue Candles, market activity is very low without interest in the continuation of the movement here I fear we usually have the end of the wave of a pullbacks
www.mql5.com
Trader Set - Volume MomentumThis is a Momentum indicator but on "Volume" The formula is heavily tweaked version of TSI with chance of using different averaging types, the period numbers are fixed and user don't need to type anything for them!
Please don't contact me for getting access, these tools are available for my students only. These are part of my "methodology" that I teach. The English version of the website and learning material is under development and I will announce it under each related script when they are ready so that those who are interested can participate in the course.
Optimised Volume-weighted Moving AverageAbout
This tool measures the profitability of every volume-weighted moving average length combination for the entire history of the instrument that it is applied,
and only displays the most profitable combination in real-time which means that this indicator is fully functional for trading.
The Optimised Volume-weighted Moving Average can be tested using a Volume-weighted Moving Average Strategy and the Strategy Tester panel on any instrument or time-stamp. It will always display the lengths of the most profitable exponential moving average lengths at the current moment in time.
This can be used on its own, or paired with the Intelligent Volume-weighted Moving Average (AI) for a better understanding of the indicators movements.
The Intelligent Volume-weighted Moving Average (AI) uses this tool as a predictive method for machine learning.
Trader Set - Volatility IndexOne of the last tools I forgot to publish till today. This is a Volatility Index Oscillator that uses a custom and original formula. This tool will be used hand in hand with's momentum one to easily identify the trend reversal points before it actually happens !
Trader Set - Volume Price MomentumThis is the latest tool in my methodology, a momentum indicator that combines PRICE and VOLUME.
There are two modes that you can use this : Normal, and Power Of Two. In the picture, the top one is set to normal, as you can see, it goes in the negative zone on each retrace, on the bottom one, we set it to the power of two mode, it still shows the same divergence in momentum vs price move but there is no negative section, instead, it only shows the POWER of the momentum without any direction indication.
Please don't contact me for getting access to these tools, they are only available to my students. Right now, the English version of the website and learning material is under development. The moment they are ready, I will announce it under every related script in the comment section.
Trader Set - Buy Sell PowerThis is an original oscillator I Developed for my methodology, the Idea and base thought of formula came from MACD, we all know that momentum, if being set correctly, is a leading indicator and actually, it's one of few real leading indicators, keeping that in mind a heavy R&D was done and the result is a formula that can show the momentum of buyers or sellers in the market, for buying momentum, the formula is totally different than selling momentum, but knowing that the correlation is there, I added both formulas into one oscillator that would be easy to understand and use in my methodology.
Please don't contact me for the access, access is given only to my students, the English version of the website and learning material is under development. As soon as they are ready, I will announce it under every related script in comment section.
Smart Money Index (SMI) Backtest Attention:
If you would to use this indicator on the ES, you should have intraday data 60min in your account.
Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment.
The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.
The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day
because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening.
Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance.
Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated
for many markets and market indices (S&P 500, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling
about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the
market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation
is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend
soon. The SMI is, therefore, a trend-based indicator.
Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
BullTrading Market StructureThere are many paths for profitability in the markets, but understanding the framework in which Smart Money operates is one valuable way to simplify the process, no matter if you are a scalper or a swing trader, by applying this concepts in your trading you will dramatically improve your performance (BullTrading will publish a book very soon).
BullTrading Market Structure is a background indicator that will display in your charts a Weekly Envelope, Daily Highs and Lows, end of Weeks and Days.
In order to properly visualize the indicator you will need to adjust the preferred colors and Format of your Chart Layout, simply click the small gear located at the top left corner from your charts, select "Background" and set the Vertical and Horizontal Grid transparency to 100%, also you must set and verify your individual timezone settings.
Best Regards
The BullTrading Team
